Keyera Corp Declares Monthly Dividend of $0.15 (KEY)

Keyera Corp (TSE:KEY) announced a monthly dividend on Monday, April 22nd, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.15 per share on Wednesday, May 15th. This represents a $1.80 annualized dividend and a yield of 5.57%. The ex-dividend date is Monday, April 22nd.

Shares of TSE:KEY opened at C$32.30 on Wednesday. Keyera has a 12 month low of C$24.05 and a 12 month high of C$38.91. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 85.51. The stock has a market cap of $6.88 billion and a price-to-earnings ratio of 17.00.

Keyera (TSE:KEY) last issued its earnings results on Thursday, February 21st. The company reported C$0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.40 by C$0.39. The company had revenue of C$1.22 billion during the quarter, compared to analysts’ expectations of C$1.27 billion. Research analysts predict that Keyera will post 1.82000012633407 EPS for the current fiscal year.

KEY has been the subject of a number of analyst reports. TD Securities increased their price target on Keyera from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, February 25th. AltaCorp Capital restated an “outperform” rating on shares of Keyera in a research note on Wednesday, February 13th. Cormark cut their price objective on Keyera from C$45.00 to C$40.00 in a research note on Tuesday, February 12th. National Bank Financial cut their price objective on Keyera from C$44.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 23rd. Finally, CIBC cut their price objective on Keyera from C$45.00 to C$42.00 in a research note on Wednesday, December 19th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Keyera presently has an average rating of “Buy” and a consensus price target of C$40.33.

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Keyera Company Profile

Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States. The company's Gathering and Processing business units operates a network of approximately 4,000 kilometers of pipelines and 17 natural gas processing plants located in the natural gas production areas primarily on the western side of the Western Canada Sedimentary Basin.

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Dividend History for Keyera (TSE:KEY)

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